Policy

The exchange rates used to translate amounts in RMB into U.S. Dollars for the purposes of preparing the consolidated financial statements are based on the rates as published on the website of People’s Bank of China and are as follows:

	2013	2012	2011
Balance sheet items, except for equity accounts	US$1=RMB6.0969	US$1=RMB6.2855	US$1=RMB6.3009
Items in the statements of income and cash flows	US$1=RMB6.1932	US$1=RMB6.3125	US$1=RMB6.4588

LIHUA INTERNATIONAL INC. | 2013 | FY |

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